Don’t let buying a home intimidate you… get familiar with the lingo used during the home buying process! Your REALTORS® at NextHome Metro Group have compiled a list of some of the most common terms used when buying a home. Be sure to bookmark this handy home buyer’s glossary for future reference! Annual Percentage Rate (APR) This […]
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Today, many real estate conversations center on the lack of inventory for home buyers. Don’t let this deter you from your home search! This spring can be the optimum time for you to benefit as a home buyer! That’s right … if you’ve been dabbling with the idea, NextHome Metro Group can help! Let’s meet and discuss your options — don’t let this great opportunity slide by. There’s no obligation, no pressure, when sitting down with a NHMG real estate professional for spring housing market insight and advice.
Many real estate experts have noted the possible effect that rising rates will have now and in the near future on the value of homes. Low mortgage rates were a major factor in the market’s recovery the past several years.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors (NAR) all project 2017 mortgage interest rates will rise. Increasing interest rates will definitely impact purchasers and may stifle demand. The fed has already indicated they will most likely raise rates soon, possibly in March.
According to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year fixed rate mortgage interest rate has jumped up. The last few weeks we’ve seen 3.94% to the current higher rate of 4.03%. Interest rates had been hovering around 3.5% since June, and many are wondering why there has been such a significant increase so quickly. […]
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There has been a lot of talk about the falling homeownership rate in the United States. In December 2004, the percentage of those owning a home reached an all-time high…
The post Percentage of Homeownership by Decade and State appeared first on Randy Lenz | Real Estate.
The results of the latest Rent vs. Buy Report from Trulia shows that home-ownership remains cheaper than renting with a traditional 30-year fixed rate mortgage.
The post Buying is Now 37.7% Cheaper than Renting appeared first on Randy Lenz | Real Estate.
